Multiple Choice
Which of the following would most likely not be included in the evidence mix for an integrated audit of a public company's financial statements and internal control over financial reporting?
A) sophisticated internal controls
B) extensive substantive analytical procedures
C) extensive tests of details of balances
D) low inherent risk
Correct Answer:
Verified
Correct Answer:
Verified
Q99: Auditors must perform tests of controls separately
Q100: An increased extent of tests of controls
Q101: Analytical procedures<br>A) focus on the ending balances
Q102: Tests of controls are generally costlier to
Q103: Substantive tests of transactions affect control risk
Q105: Discuss the major activities and procedures performed
Q106: Several factors influence the auditor's choice of
Q107: One of the most challenging parts of
Q108: At what point in the audit process
Q109: Presentation and disclosure objectives are primarily addressed